Book value to be increased to its estimated market value

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United Kingdom allows an asset's book value to be increased to its estimated market value. Why do you think a company's management would want to write up the value of its assets? What impact would such a write-up have on the balance sheet and the income statement? In what manner is the practice of asset write-ups inconsistent with U. S. GAAP?

Reference no: EM13975219

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Book value to be increased to its estimated market value : United Kingdom allows an asset's book value to be increased to its estimated market value. Why do you think a company's management would want to write up the value of its assets? What impact would such a write-up have on the balance sheet and the inc..

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